Friday 29 Mar 2024
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SINGAPORE (May 26): Promising start-ups in Singapore can now tap on the S$285 million set aside to help them sustain their innovation and entrepreneurship endeavours.

Under this scheme, the government will use the funds to match private investments made to start-ups, Deputy Prime Minister and Finance Minister Heng Swee Keat announced in his Fortitude Budget speech on Tuesday.

The move is in addition to the S$300 million previously set aside in Start SG Equity scheme unveiled under the Unity Budget on Feb 18. The scheme serves to aid deep-tech start-ups gain better access to capital, expertise and industry networks.

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